9AT: FRAMEWORK VENTURES

other names

FRAMEWORK VENTURES
FRAMEWORK VENTURES MANAGEMENT LLC

Adviser Profile

As of Date	06/04/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	13 -7%
of those in investment advisory functions	7
Registration	SEC, Approved, 05/17/2021

AUM^*	1,484,443,721 139%
of that, discretionary	1,484,443,721 139%
Private Fund GAV^*	1,781,043,721 72%
Avg Account Size	164,938,191 86%
SMA’s	No
Private Funds	11 6
Contact Info	516 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count7	GAV$1,333,735,201
Fund TypeVenture Capital Fund	Count3	GAV$296,600,000
Fund TypeOther Private Fund	Count1	GAV$150,708,520

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser NORTHLEAF CAPITAL ADVISORS LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund90.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund549.7m	Total Private Fund GAV640.4m	AUM660.8m	#Funds8
Adviser HATTERAS INVESTMENT PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.3m	AUM187.8m	#Funds4
Adviser SAYBROOK FUND ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund97.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV97.3m	AUM218.7m	#Funds4
Adviser CS INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund67.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund15.0m	Total Private Fund GAV82.6m	AUM-	#Funds5
Adviser JENERATION CAPITAL ADVISORS (HONG KONG) LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund55.6m	Total Private Fund GAV59.5m	AUM-	#Funds5
Adviser LL FUNDS	Hedge Fund67.9m	Liquidity Fund-	Private Equity Fund1.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.5b	Total Private Fund GAV2.6b	AUM2.4b	#Funds24
Adviser DUPONT CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund175.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV175.9m	AUM12.4b	#Funds7
Adviser FIVE ARROWS	Hedge Fund-	Liquidity Fund-	Private Equity Fund8.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund3.5b	Total Private Fund GAV11.9b	AUM-	#Funds54
Adviser CONSTITUTION CAPITAL EQUITY PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund585.8m	Total Private Fund GAV4.7b	AUM5.1b	#Funds32
Adviser MESIROW FINANCIAL PRIVATE EQUITY ADVISORS, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund120.7m	Total Private Fund GAV4.7b	AUM7.1b	#Funds20

Brochure Summary

Overview

5 The General Partner of a Fund may be offered an investment opportunity that it determines is too large for the Fund or would be beneficial in (i) consummating the Fund’s investment, (ii) successfully operating the Fund’s portfolios or assets, (iii) exiting an investment, or (iv) otherwise adding value to the Fund’s investment because of certain skills or attributes of a co-investor. In such instances, the General Partner and/or the Firm may, in their sole and absolute discretion, offer such investment opportunities as co-investment opportunities to any person, including, without limitation, to affiliates of the General Partner, the Firm, the Fund, third parties, an/or one or more limited partners (collectively “Co-Investors” and each such investment, a “Co-Investment”). The Firm, or its affiliates, as applicable, may earn certain fees with respect to such Co-Investments. The allocation and determination of any such Co-Investment opportunities will be determined by the General Partner in its sole discretion. The Firm’s investment advisory services are provided to the Funds pursuant to the terms of the Funds’ relevant Organizational Documents and based on the specific investment objectives and strategies disclosed in such Organizational Documents which are further described below under “Method of Analysis, Investment Strategies and Risk of Loss.” The Funds or Framework have and may continue to enter into side letters or other similar agreements (“Side Letters”) with certain investors that have

the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, a Fund’s limited partnership agreement with respect to such investors, in accordance with applicable law. Framework reserves the right to negotiate or not negotiate a side letter with any existing or prospective limited partner. Framework does not currently provide investment advice to separately managed accounts. Framework does not participate in wrap fee programs. As of December 31, 2023, Framework managed approximately $1,032,553,631 in regulatory assets under management on a discretionary basis. The Firm does not manage assets on a non- discretionary basis. Management Fees The Firm does not charge any management fees to any current Funds. Performance-Based Fees Framework charges performance-based fees as set forth in the Organizational Documents of each Fund. Such performance-based fees generally range from 20% to 30%. Performance fees have been and may be reduced or waived in their entirety for certain investors at Framework’s or the applicable General Partner’s discretion. The performance fees are assessed as of the date of any distribution to or redemption by an investor based on the investor’s share of the Fund’s net asset value as of that date in excess of the investor’s capital contribution and net of the investor’s share of Fund expenses. The Funds’ performance-based fees are subject to a high-water mark provision

FRAMEWORK VENTURES

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